Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
Powered by cricketnext logo
»
1-min read

No Proposal to Withdraw Cheque Book Facility: Finance Ministry

The clarification comes in the backdrop of reports in a certain section of media that there is a possibility that the central government may withdraw bank cheque book facility in the near future, with an intent to encourage digital transactions.

PTI

Updated:November 23, 2017, 9:57 PM IST
facebookTwitterskypewhatsapp
No Proposal to Withdraw Cheque Book Facility: Finance Ministry
Image for representation only.
Loading...

New Delhi: The finance ministry on Thursday said there is no proposal to withdraw the bank cheque book facility, which is an integral part of the payments landscape.

The clarification comes in the backdrop of reports in a certain section of media that there is a possibility that the central government may withdraw bank cheque book facility in the near future, with an intent to encourage digital transactions.

This has been denied by the government and reaffirmed that there's no such proposal, it said in statement. "The Government of India has reaffirmed that there is NO proposal under consideration to withdraw the bank Cheque Book facility," the finance ministry said in a tweet.

Post demonetisation, the government has been pushing digital transaction with an aim to move towards less cash society.

The ministry emphasised that while the government is committed to transform India into a less cash economy and promote digital and electronic transactions, "cheques are an integral part of the payments landscape".

It said cheques form the backbone of trade and commerce, by being negotiable instruments, which often serve as the security for underlying trade transactions.

Finance Minister Arun Jaitley, in the budget speech for 2017-18, had said that as the country moves faster on the path of digital transactions and cheque payments, "we need to ensure that the payees of dishonoured cheques are able to realise the payments".

| Edited by: Bijaya Das
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
Indiabulls Hsg 612.25 -1.50
Yes Bank 113.05 2.73
Axis Bank 788.60 0.89
Reliance 1,294.15 -0.13
Tata Steel 510.60 2.53
Company Price Change %Gain
HDFC Bank 2,467.10 1.58
Bharti Airtel 345.35 -0.89
Indiabulls Hsg 612.05 -1.56
Yes Bank 113.10 2.77
SBI Life Insura 716.55 6.17
Top Gainers
Company Price Change %Gain
Vedanta 177.85 4.40
Power Grid Corp 209.65 3.99
JSW Steel 277.15 3.78
Sun Pharma 399.45 3.55
Hindalco 208.35 2.89
Company Price Change %Gain
Vedanta 177.85 4.40
Power Grid Corp 209.85 4.12
Sun Pharma 399.30 3.59
Yes Bank 113.10 2.77
Tata Steel 510.50 2.59
Top Losers
Company Price Change %Gain
Britannia 2,732.90 -2.66
Indiabulls Hsg 612.25 -1.50
Infosys 739.20 -1.19
IndusInd Bank 1,434.80 -1.02
Bharti Airtel 345.55 -0.87
Company Price Change %Gain
Infosys 739.65 -1.12
IndusInd Bank 1,435.30 -1.02
Bharti Airtel 345.35 -0.89
Maruti Suzuki 6,477.00 -0.68
TCS 2,253.70 -0.58

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results